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Multiplan opens Expansion VIII in Ribeir

Multiplan opens Expansion VIII in Ribeir

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Published by Multiplan RI

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Published by: Multiplan RI on Dec 04, 2013
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12/05/2013

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Armando
d’Almeida
 Neto
CFO and IRO
1/2
PRESS RELEASE
Rio de Janeiro, December 4th, 2013
 –
 
MULTIPLAN EMPREENDIMENTOS IMOBILIÁRIOS S.A.
(BM&FBOVESPA:MULT3), informs that it inaugurated, today, the eighth expansion of RibeirãoShopping, located in the city of Ribeirão Preto, state of São Paulo. Expansion VIII adds 9.4 thousand m² of Gross Leasable Area (GLA), contributing with 60 new stores and exclusive brands to the mall. There will be more than 30 new brands in the city, with the best in fashion, services, culture, technology and entertainment. Of the four anchor stores two are new in town and the other two are expansions of existing ones which have been integrated to the mall. With expansion VIII, RibeirãoShopping now have 380 stores, of which 20 anchors and mega stores, 69.4 thousand m² in GLA, and 91.3 thousand m² in Gross Commercial Area (GCA). Multiplan delivered the first phase of its expansion master plan in November 2012, when delivering the sixth expansion to the shopping center, with 41 new stores, in addition to a modern deck parking with 1,250 covered parking spots. In August this year the seventh expansion was delivered, adding 6.4 thousand m² of GLA and a spacious convention center with 3.5 thousand m², a gym, a VIP space, three restaurants and a suspended garden with a panoramic view. In addition to the expansions, the shopping center went through a complete overhaul internally and externally, and included also landscaping and façades along with the replacement of floors and replacing elevators. The master plan for the development of RibeirãoShopping envisages still the construction of high end residential buildings, a new office tower, a residential building with services, and a high end hotel.
MULTIPLAN OPENS EXPANSION VIII IN RIBEIRÃOSHOPPING
Third expansion in 12 months adds 9.4 thousand m² of GLA, with 60 new stores
Inauguration date 04/12/2013 Total Gross Leasable Area 9,400
Multiplan’s interest
 85.3% Inauguration dates Expansion VI Expansion VII Expansion VIII Nov-2012  Aug-2013 Dec-2013 Total Gross Leasable Area 19,300 m²
Multiplan’s Interest
 85.3% CAPEX * (R$) 245.9 M Key Money * (R$) 11.4 M NOI year * (R$) 18.6 M
Expansion VIII Expansions VI + VII + VIII
* Multiplan’s interest
 
Photos on the next page
Disclaimer:
Readers/investors should be aware that many factors may mean that our future results differ from the forward-looking statements in this document. The Company has no obligation to update said statements. Forward-looking statements refer to future events which may or may not occur. Our future financial situation, operating results, market share and competitive positioning may differ substantially from those expressed or suggested by said forward-looking statements. Many factors and values that can establish these results are outside the
company’s
 control or expectation. The reader/investor should not rely exclusively on the information contained herein to make investments.
RibeirãoShopping Expansion VIII - Façade
RibeirãoShopping was inaugurated by Multiplan in 1981, and contributed strongly to the growth and economic development of Ribeirão Preto, and is one of the most important retail centers in the region. With this eighth expansion, the shopping center becomes the largest retailing center in Multiplan
´
s portfolio, in terms of GLA

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